The former President of the ECB is speaking on CNBC:

  • US not raising debt limit would be ‘totally absurd’
  • US government shutdown threatens democracy worldwide
  • It is extremely important for the whole euro zone to embark on “very bold” reforms
  • Central banks should not do work of governments. Structural reforms needed US, UK, Japan

I miss that old dog but he still looks like the Emperor from Star Wars.

Trichet